So imports of mobile phones in Pakistan have seen a downfall of approximately 10.87% in the previous fiscal year (July-June) 2018-2019 and has been seen to fall at $755.545 million as compared to the previous revenue of $847.654 million during the same fiscal year between 2017-2018. It is also worth noting that the imports in the month of June 2019 alone accounted for $57.733 million, which is a 34.18% deficit growth when compared to the previous figure of $87.717 million imports in June 2018(reported by Business Recorder)
Furthermore,after analyzing the stats provided to us by the Pakistan Bureau of Statistics (PBS), the revenue figure concerning the mobile imports was 12.27% lower last month when compared to the $65.81 million in May 2019. The imports witnessed a phenomenal hike of 19.44% in the fiscal year 2017-18 as it remained $847.654 million as compared to $709.690 million during the same time period pf 2016-17, which basically showed growth, until it inevitable fall in the previous fiscal year.
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The stats further revealed that in July-June (2018-19), the overall imports accounted for showed an alarming downfall of 10.07% as compared to the same period of 2017-18. In additionthe total imports were registered at $1.379 billion during 2018-19 which is a 25.14% negative growth as compared to $1.534 billion in June-July (2017-18). This figure was finalized at $103.234 million in June 2019 compared to that of $119.588 million during May 2019.
Moving on, the telecom apparatus imports issued a decline of approximately 9.08% in July-June (2018-19) as they were registered at $624.115 million compared to $686.432 million during the same period of 2017-18. Comparing with the figure from May 2019, other telecom apparatus imports were found to have endured a 15.39% negative growth in June as they were $45.501 million compared to $50.191 million in May 2019, once again showing us the impact the new policies have had on the imports of cellular technology in Pakistan. This decline can be attributed to the new tax policy on imports of mobiles and that on the carry-on from overseas Pakistani’s who are coming back with phones to the country, they now have to pay an exclusive duty fee on bringing in phones in to Pakistan, this duty is quite heavy and sometimes very hard to pay, hence causing declines and who can forget that the new DIRBS has really helped in lowering smuggling.
